Diana Shipping Inc. (NYSE:DSX) Plans $0.01 Quarterly Dividend

Diana Shipping Inc. (NYSE:DSX) announced a quarterly dividend on Monday, November 25th,NASDAQ Dividends reports. Stockholders of record on Wednesday, December 11th will be paid a dividend of 0.01 per share by the shipping company on Wednesday, December 18th. This represents a $0.04 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Wednesday, December 11th.

Diana Shipping has a dividend payout ratio of 88.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Diana Shipping Price Performance

Diana Shipping stock traded down $0.25 during midday trading on Monday, reaching $1.89. The company had a trading volume of 6,233,962 shares, compared to its average volume of 644,548. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.10 and a quick ratio of 2.04. Diana Shipping has a 12-month low of $1.79 and a 12-month high of $3.48. The company has a market capitalization of $236.53 million, a P/E ratio of 20.67 and a beta of 1.16. The firm’s fifty day simple moving average is $2.34 and its 200-day simple moving average is $2.61.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Diana Shipping from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th.

Diana Shipping Company Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.